Buying and selling motorcycles & motorcycle parts
Ernest
Kumasi, Ghana
100% repaid
Entrepreneur
Name
Ernest
Member since
August 2015
On-time repayments
224 installments • 81%
About Me
I am Ernest Berko Mensah from Mampong Kofiase in Ashanti region. I have completed Sunyani Polytechnic University. My parents are Mr. And Mrs. Oppong Mensah. Currently, I am living at Kumasi Tafo. I like doing things the way other people do it but I have always wanted, myself, to be different from other people. I like reading books such as investment, motivational and human relation books.
My Business
The money from a previous loan helped me to buy more equipment for my consulting firm. I advise people on how to establish their own businesses. Most people find it difficult in our country to operate businesses by themselves. Through your loans, you gave me the ability to help about twenty five people who have gotten their own businesses now. (I also used some of the loan to pay my brothers' school fees.) Besides that, I am also working on motorcycle spare parts. I was able buy 3 new ones. My profits have increased by 40%. Thank you for that loan.
Loan Proposal
I will use the money to buy new motorcycle and its parts. the price of two (2) motorcycle will cost me 300 dollars, 150 dollars each. i will buy some parts which is one of the demanded parts in our area which will cost me 100 dollars, some of the items(pats) are seats and helmets. the rest of the money will be used for transportation and payment of staff allowances. my two co-workers will benefit from the shop as well as our expectation of profit will increase by 70 % .
About Me
I am Ernest Berko Mensah from Mampong Kofiase in Ashanti region.
i have complete sunyani polytechnic. My parents are Mr. And Mrs Oppong Mensah. Currently am leaving at Kumasi Tafo. I like doing things the way people do it but always wanted my to be different from other people. I like reading books such as investment, motivational and human relation books
My Business
I will expend the motorcycle business of which I am going to buy additional ones. I will buy new motorcycle parts because the people in area need it more. Aside that there are a lot peoples motorcycle which has destroy and it needs to be repairs and replacement. Our company has been the best for them. Notwithstanding there has been improvement in the business for the past four years. I believe if you grant me this amount am looking for the business will move in a fast growth.
Loan Proposal
I will use the money to buy new motorcycle and its parts. the price of two (2) motorcycle will cost me 300 dollars, 150 dollars each. i will buy some parts which is one of the demanded parts in our area which will cost me 100 dollars, some of the items(pats) are seats and helmets. the rest of the money will be used for transportation and payment of staff allowances. my two co-workers will benefit from the shop as well as our expectation of profit will increase by 70 % .
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Loan Info
Project Type
Classic Loan
Disbursed amount
$448.00
Date disbursed
Jan 24, 2017
Repayment status
On Time
Projected term
4 months
Other loans
Lenders
Jake Gibson and Beverly Picardo
San Francisco, United States
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